Top Cryptocurrency Ponzi Scams as of 2020 Cryptotapas

Bitcoin & Cryptocurrency Ponzi Schemes

Discussion of ponzi schemes that operate using cryptocurrency.
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The only reason why guys like Portnoy view Bitcoin as a ponzi is because he only understands it as a way to get more USD. Portnoy has to acknowledge why other people value and appreciate Bitcoin. It's not just a "get rich quick scheme". It's a "change the rules of the game scheme".

Bitcoin is a market mechanism to find equilibrium between supply and demand, store value, and allow humans to coordinate and collaborate in new and peaceful ways.
Problem is that the IRS stifles Bitcoin's use as a medium of exchange because of the tax laws.
submitted by the420chronicler to Bitcoin [link] [comments]

Don't forget - it's not just Bitcoin destroying the planet, it's all the other proof-of-work distributed Ponzi schemes

Don't forget - it's not just Bitcoin destroying the planet, it's all the other proof-of-work distributed Ponzi schemes submitted by dgerard to Buttcoin [link] [comments]

Change My View: bitcoin is a ponzie/greater fool scheme and not a viable cryptocurrency.

The only use bitcoin has is to sell it to another sucker later, in the hopes that it's worth more because people are using it as a currency/store of value.
Yet it's proven that it does not work as a currency (fees skyrocket) and you don't get to call yourself a store of value, that term is earned over decades.
submitted by karmanopoly to CryptoCurrency [link] [comments]

Change My View: bitcoin is a ponzie/greater fool scheme and not a viable cryptocurrency. (x-post from /r/cryptocurrency)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

you can give a lot of tags to Bitcoin, a volatile mess, fringe currency, not a store of value, among others. A Ponzi scheme is certainly not one of these negative labels that a critic can throw at Bitcoin.

you can give a lot of tags to Bitcoin, a volatile mess, fringe currency, not a store of value, among others. A Ponzi scheme is certainly not one of these negative labels that a critic can throw at Bitcoin. submitted by Kipyegonn to Bitcoin [link] [comments]

04-02 16:34 - 'Teach your son about the REAL Bitcoin; Bitcoin Cash. / Then I'd say your a good father. Brain washing him with a useless Ponzi scheme (BCORE) it's not going to help in too much in the future.' by /u/TheBitcoinWhale removed from /r/Bitcoin within 138-148min

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Teach your son about the REAL Bitcoin; Bitcoin Cash.
Then I'd say your a good father. Brain washing him with a useless Ponzi scheme (BCORE) it's not going to help in too much in the future.
'''
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Go1dfish undelete link
unreddit undelete link
Author: TheBitcoinWhale
submitted by removalbot to removalbot [link] [comments]

Bitcoin (BTC) is many things, but not a Ponzi scheme

Bitcoin (BTC) is many things, but not a Ponzi scheme submitted by Kipyegonn to CryptoCurrencies [link] [comments]

Bitcoin (not Gold) remains best bet against debt-based fiat ponzi scheme

Bitcoin (not Gold) remains best bet against debt-based fiat ponzi scheme submitted by castorfromtheva to Bitcoin [link] [comments]

Do Not Invest In Bitcoin Global Trading Bot. It Is a Ponzi Scheme That Has Run Out of Money But Is Still Accepting Deposits.

Do Not Invest In Bitcoin Global Trading Bot. It Is a Ponzi Scheme That Has Run Out of Money But Is Still Accepting Deposits. submitted by MoneyDoneRight to Bitcoin [link] [comments]

Bitcoin is not a Ponzi Scheme it’s more like an international game of Hot Potato

submitted by psntax to Buttcoin [link] [comments]

James Altucher referring to himself in the third person in every paid content ad definitely makes bitcoin look super legit and not like a ponzi scheme.

James Altucher referring to himself in the third person in every paid content ad definitely makes bitcoin look super legit and not like a ponzi scheme. submitted by jnshhh to EnoughLibertarianSpam [link] [comments]

145508144|>Price today is over $5,600 How is Bitcoin not a scam or a ponzi scheme? I mea[United States]

145508144|>Price today is over $5,600 How is Bitcoin not a scam or a ponzi scheme? I mea[United States] submitted by grrrrreat to 4chan4trump [link] [comments]

SEC is not the enemy - these bankers are - BIS is the latest one to call Bitcoin "a bubble, Ponzi scheme and an environmental disaster"

SEC is not the enemy - these bankers are - BIS is the latest one to call Bitcoin submitted by auti9003 to CryptoCurrency [link] [comments]

South African Bitcoin Ponzi scheme owners house set alight. (not saying BTC is a Ponzi, the investment plan is)

South African Bitcoin Ponzi scheme owners house set alight. (not saying BTC is a Ponzi, the investment plan is) submitted by RSAhobo to CryptoCurrency [link] [comments]

How is Bitcoin (core) not a giant Ponzi scheme?

How is Bitcoin (core) not a giant Ponzi scheme? submitted by godlikeplayer to btc [link] [comments]

Let's not forget how r/Bitcoin members were circle jerking each other 2 days ago, screaming 8,000, TO THE MOON, and other ponzi scheme non-sense. I like at how moderate we are about price increases. It makes me think I'm in the right side.

submitted by xerozitos to btc [link] [comments]

Is #Bitcoin a Ponzi? 😱 Luckily, not! Learn what actually a Ponzi scheme is and how to avoid it 🧐

Is #Bitcoin a Ponzi? 😱 Luckily, not! Learn what actually a Ponzi scheme is and how to avoid it 🧐 submitted by atomicwallet to atomicwallet [link] [comments]

How exactly is Bitcoin not a ponzi scheme?

submitted by vikings8084 to Bitcoin [link] [comments]

'Bitcoin is NOT a Ponzi scheme', says Indian crypto trader

'Bitcoin is NOT a Ponzi scheme', says Indian crypto trader submitted by Zoranth to GetCryptocurrency [link] [comments]

Official World Bank report: "Bitcoin is not a Ponzi Scheme" - Kaushik Basu, author of ‘Ponzis: The Science and Mystique of a Class of Financial Frauds.’

Official World Bank report: submitted by arelu to Bitcoin [link] [comments]

Whatever else bitcoin may be, it is not a ponzi scheme.

A ponzi scheme is a centralized fraud. It is perpetrated by a collector of investment funds, based on promises of high dividend returns to the investors. Defrauded investors own no assets, but instead are paid periodic dividends which originate from the funds of later investors. The ponzi scheme collapses when the influx of new investors slows or stops, and when investors try to withdraw their capital.
Bitcoin investors are able to control their own private keys. They purchase the asset from each other, not from a central figure, and they control the asset themselves. They can realize profits during any price rise and keep all or some of their original capital. By controlling their own private keys, they never relinquish the asset. As of this posting, a key-holding purchasehodler of bitcoin at any price below 14,000 over the last ten years has had access to a substantial ROI while maintaining personal control and ownership of 100% of their capital.
While many people may lose money investing in bitcoin, it will not be the result of fraud. It will be the result of them selling their asset at a lower price than what they paid.
Investors who profit in bitcoin are not perpetrating a fraud. They are selling their asset at a price higher than what they paid.
People who leave their bitcoin on exchanges and give control of access to their capital to the exchanges are not victims of a ponzi scheme. They are lazy or uninformed. These investors are poor custodians of the assets they have purchased.
A man who gives his cash wallet for safekeeping to an astronaut on the ISS, expecting to get 24/7 access to his cash, is not the victim of a ponzi scheme.
submitted by ectogestator to Bitcoin [link] [comments]

Bitcoin (Not Gold) Remains Best Bet Against Debt-Based Fiat Ponzi Scheme

Bitcoin (Not Gold) Remains Best Bet Against Debt-Based Fiat Ponzi Scheme submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Lo schema Ponzi dei Bitcoin (articolo Repubblica) TBC is Not Ponzi Scheme? Scam? Who are they? Etherium and Bitcoin - Cryptocurency PONZI SCHEME? Rickards: ‘Bitcoin is a Ponzi Scheme’ - YouTube Why Bitcoin Is a Ponzi Scheme with David Heinemeier Hansson

Bitcoin Is Not a Ponzi Scheme. slider2990 (65) in #hive-167922 • 44 minutes ago. For Family and Friends who still call Bitcoin a Ponzi Scheme. Photo by Roger Brown from Pexels. You may commonly hear from your various circles something along the lines of: "With crypto’s value fluctuating, the value is not backed by anything, and it can’t even be used directly to buy a pizza, just what ... Bitcoin is not a ponzi or pyramid scheme. In summary, bitcoin fails to meet the requirements for being classified as a ponzi or a pyramid scheme. There are no promises made on the technology that can’t be transparently verified or understood, nor any reward incentives directly available for recruiting others to join. It’s operational structure, value proposition and process to evolve and ... In 1957, the Encyclopedia Britannica – the Wikipedia of it’s time – formally acknowledged that Ponzi's name had become synonymous with swindle. The "Ponzi scheme" officially had a name. In this podcast episode you will also learn, why Bitcoin is not a Ponzi scheme. Views: 1,092 What is a Ponzi Scheme? A ponzi scheme is a fraud in which early investors are lured with massive payouts based on how many people they invite into a business that is designed to cheat people. You may have heard this many times before where certain schemes encourage you to invite 3 other investors promising […] Top Cryptocurrency Ponzi Scams as of 2020 - Real-time cryptocurrency market news ... As far as I’m concerned, Bitcoin is a Ponzi Scheme. If you think Bitcoin is the future of money, a store of value or any other nonsense, I’m not going to disagree with you. Every good scam needs vocal and loyal apostles. Go out and spread the gospel—you have my support as I’m long. In my mind, Bitcoin is a Ponzi Scheme and I’m going to use the math of Ponzi Schemes for the rest of ...

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Lo schema Ponzi dei Bitcoin (articolo Repubblica)

Is Bitcoin a Ponzi scheme? Let's break down what a Ponzi scheme actually is and compare that to bitcoin. Bitcoin Explained Simply for Dummies - Duration: 12:49 ... MELLOW GOLD8 13,947 views. 4:38. Ponzi Schemes Of The Crypto World - "10,000% Returns Guaranteed!" - Duration: 6:11. The Modern Investor ... Bitcoin: Ponzi Scheme? Laurent Desbois. Loading... Unsubscribe from Laurent Desbois? ... How to spot a Ponzi scheme. - Duration: 2:52. Oregon DCBS 20,801 views. 2:52. How The Economic Machine ... Why Bitcoin Is a Ponzi Scheme with David Heinemeier Hansson - Duration: 52:52. Make More Marbles Recommended for you. 52:52. Bitcoin to $30k in 2018 After Crash - Duration: 9:25. ... Lachief shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with ...

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